Bitcoin Bear Phase May End at $60,000 Not $40,000

Crypto analyst Doctor Profit believes that Bitcoin may be in its final bear phase and that expectations of a $40,000 bottom are unlikely. He suggests that the actual support level could be higher, within the $54,000-$64,000 range where buying pressure is currently building.

Doctor Profit identifies three distinct market camps: those expecting a bottom between $40,000 and $50,000; those who believe the bottom has already been reached; and a smaller group anticipating a decline to $28,000-$33,000. He notes that the largest group now favors the $40,000-$50,000 range.

The analyst views potential $5 billion in Strategy sales as a liquidity opportunity for long-term buyers, rather than a bearish signal. He has initiated dollar-cost averaging into Bitcoin and Ethereum within this accumulation zone, deploying capital in 5% increments.